338 replies to this topic

[dTraderB]

"Asian markets on Monday aim to kick off a week jam-packed with top-tier local economic indicators and policy decisions in optimistic mood, after another set of forecast-busting U.S. job growth figures sparked a sharp rise on Wall Street on Friday.



The highlights on Monday's Asian calendar are trade and current account figures from Japan, industrial production from Malaysia, and an interest rate decision in the Philippines.



Japan's Nikkei 225 will be looking to bounce back from Friday's 2% slide, which sealed a weekly loss of 3.4%, its biggest decline since December 2022. As ever, the exchange rate and threat of yen-supportive intervention from Tokyo will hold great sway over Japanese stocks." REUTERS

[dTraderB]

"The rebound in risk appetite in U.S. trading on Friday was noteworthy as it came despite a spike in bond yields, a 4% weekly rise in oil prices to just under $92 a barrel, and a further erosion of U.S. rate cut expectations.



Geopolitical tensions continue to bubble away too, pushing gold to a record high of $2,330 an ounce on Friday.



Will Wall Street's feel good factor extend into Asia on Monday, or will markets feel the squeeze? The signs point to equities in a period of consolidation at the highs rather than a profit-taking run for the hills.



The S&P 500 and MSCI World indexes registered their biggest weekly losses in three months in the face of rising bond yields, but they were less than 0.8%. The MSCI Asia ex-Japan index, which is sensitive to higher U.S. yields, was even more resilient, basically ending the week flat. "

"Asian markets on Monday aim to kick off a week jam-packed with top-tier local economic indicators and policy decisions in optimistic mood, after another set of forecast-busting U.S. job growth figures sparked a sharp rise on Wall Street on Friday.



The highlights on Monday's Asian calendar are trade and current account figures from Japan, industrial production from Malaysia, and an interest rate decision in the Philippines.



Japan's Nikkei 225 will be looking to bounce back from Friday's 2% slide, which sealed a weekly loss of 3.4%, its biggest decline since December 2022. As ever, the exchange rate and threat of yen-supportive intervention from Tokyo will hold great sway over Japanese stocks." REUTERS

[dTraderB]

Closed 1 ES LONG 5258 5

[dTraderB]

Closed 1 NQ LONG 18326.5

[dTraderB]

...EUPHORIA
"This notched up last week and is in Euphoria"
https://helenemeisle...rday-chart-fest

[dTraderB]

POLL almost FLAT,
51 down
49 up

Helene Meisler (@hmeisler) posted at 7:00 AM on Sat, Apr 06, 2024:
Saturday Poll.

The next 100 points for the S&P?
(https://x.com/hmeisl...4452615304?s=03)

[dTraderB]

Disagree. Everything follows PRICE. I prefer trading the PRICE instead of depending kn VIX etc.
"A quick review of market history tells us that a VIX around 16 indicates a likely pullback scenario within a bullish phase. However, it also tells me to be prepared for a higher VIX, which would mean higher levels of uncertainty. As we've seen with these charts, higher uncertainty usually means a higher risk that the market takes the elevator down to much lower levels!"

https://stockcharts....his-th-746.html

[dTraderB]

Tons of ECLIPSE stuff next few days e.g.

"Wall St eclipsed as June Fed cut in balance

...And celestial events aside, there's an event packed week ahead.



The March consumer price inflation report is due Wednesday, there are 10- and 30-year Treasury auctions through the week, the European Central Bank and Bank of Canada hold important policy meetings, Fed meeting minutes are released on Wednesday and the first-quarter U.S. corporate earnings season kicks off with some of the big banks on Friday.



While there's a lot to unpack in all that, it's hard to get away from the overarching brake on markets from ebbing Fed easing expectations. And fearful of a correction, the VIX volatility gauge remains elevated near its highest close for the year to date.



And it's another bruising period for bonds, with U.S. two- and 10-year Treasury yields hitting their highest since November at 4.79% and 4.45% respectively first thing on Monday."

[dTraderB]

KASHKARI WILL TRY TO WALK BACK PTEVIOUS COMMENTS...
"A noted Fed dove - Chicago's Austan Goolsbee - and a recognized hawk - Minneapolis Fed boss Neel Kashkari - both speak later on Monday."

The dollar is pumped up again as a result - chomping at the bit against Japan's yen again just under 152 yen despite residual fears of Japanese government intervention."

Tons of ECLIPSE stuff next few days e.g.

"Wall St eclipsed as June Fed cut in balance

...And celestial events aside, there's an event packed week ahead.



The March consumer price inflation report is due Wednesday, there are 10- and 30-year Treasury auctions through the week, the European Central Bank and Bank of Canada hold important policy meetings, Fed meeting minutes are released on Wednesday and the first-quarter U.S. corporate earnings season kicks off with some of the big banks on Friday.



While there's a lot to unpack in all that, it's hard to get away from the overarching brake on markets from ebbing Fed easing expectations. And fearful of a correction, the VIX volatility gauge remains elevated near its highest close for the year to date.



And it's another bruising period for bonds, with U.S. two- and 10-year Treasury yields hitting their highest since November at 4.79% and 4.45% respectively first thing on Monday."

[dTraderB]

Added UDDYEN SHORT 181.90
HOLDING 3

Key developments that should provide more direction to U.S. markets later on Monday:
NY Fed inflation expectations survey, U.S. March employment trends
Chicago Federal Reserve President Austan Goolsbee and Minneapolis Fed President Neel Kashkari both speak; Swiss National Bank chair Thomas Jordan speaks
U.S. Treasury Secretary Janet Yellen in Beijing
US Treasury sells 3-, 6-month bills